6 April 2010
Chevron invites bids for UK refinery
CHEVRON is "soliciting bids" for its Pembroke refinery in Wales, UK, as part of a plan to concentrate its downstream activities in north America and Asia-Pacific. "Downstream market conditions are likely to be difficult for the next several years," Mike Wirth, the firm's executive vice-president responsible for refining, said last month. Chevron's decision to sell the refinery took the business by surprise. Although Pembroke is the firm's only refinery in Europe, it operates the facility as an extension of its north American refining operation and uses it to supply large volumes of gasoline across the Atlantic. The firm's data show that in 2007 and 2008 it operated virtually at capacity. Th
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
